Ethereum News Today: Ethereum Hovers Near $4,000 Support as Whales Shift to Remittix Amid Volatility

Ethereum’s price remains in a precarious position as market participants debate whether the asset could fall back to $3,000. ETH currently hovers near critical support levels, with recent price action forming a descending wedge pattern on key price prediction charts. This structure suggests a potential breakdown scenario if the $4,000 resistance fails to hold [1]. The broader market context includes strong ETF inflows totaling $123.5 billion, which have helped ETH reclaim $3,800. However, futures spreads are tightening and exchange reserves are at a nine-year low, heightening concerns about a potential pullback [1].

The movement of whale activity has also drawn attention. Over the past 20 days, large Ethereum holders have quietly accumulated 790,000 ETH—valued at $2.89 billion—which indicates some long-term bullish sentiment. Yet, the flattening of futures open interest and neutral funding rates on perpetual contracts suggest that derivatives traders are indecisive, adding to the uncertainty [1]. While most price prediction models highlight $3,800 as a pivotal level, a sustained close below could open the door to $3,500 and ultimately the key $3,000 support zone.

Amid this volatility, a growing number of whale holders are shifting portions of their Ethereum holdings toward Remittix (RTX), a $0.0895 token addressing the $19 trillion global remittance market through real-world PayFi infrastructure. RTX has recently launched live pilots in Ghana and Kenya, enabling direct crypto-to-bank transfers across 30+ countries. A $250,000 community giveaway has driven a 420% surge in wallet registrations, while security audits by CertiK have boosted institutional confidence in the project [1].

Several factors are making RTX appealing to whale investors: mass-market utility beyond crypto, deflationary tokenomics, and the potential for parabolic growth before a planned Q3 2025 wallet beta that will support 40+ assets with real-time foreign exchange conversion. Some early adopters are already comparing RTX to XRP 2.0, emphasizing its infrastructure-driven value proposition and time-sensitive entry point [1]. These developments suggest that some investors are hedging Ethereum’s volatility by diversifying into a token with real-world use cases and a clear roadmap.

For traders and investors bracing for potential Ethereum price corrections, the shift to RTX represents a strategic move to balance risk. While Ethereum’s fundamentals—such as whale accumulation and regulatory clarity—remain strong, the technical resistance at $4,000 and potential profit-taking could create downward pressure in the near term. Remittix, with its audited security, live payment corridors, and imminent wallet launch, offers a compelling alternative for those seeking both stability and growth potential [1].

The broader market debate continues around Ethereum’s ability to maintain its dominance in the face of growing competition and macroeconomic pressures. However, the current focus is on the short-term price dynamics and how whale behavior might influence Ethereum’s trajectory. Analysts remain cautious but note that this is not a definitive indicator of a crash—rather, a signal that some investors are preparing for an unpredictable future [1].

Source:

[1] Ethereum Price Prediction: Could ETH Drop Back to $3K? ETH Whales Are Shifting to Remittix Ahead Of The Unpredictable Future

(https://blockonomi.com/ethereum-price-prediction-could-eth-drop-back-to-3k-eth-whales-are-shifting-to-remittix-ahead-of-the-unpredictable-future/)